Cheap Apartments for Rent in the Waterfront Neighborhood of Boston, MA from $700 (170 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterfront area of Boston.

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property at 162 Cottage St

162 Cottage St

BostonMA02128

Waterfront - One of the Best Affordable Neighborhoods in Boston

Named as one of the Best Affordable Neighborhoods to rent in the Boston area by our Boston, MA Local Expert Amelia Ramstead. See how it ranks!

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property at 821 Saratoga St

821 Saratoga St

BostonMA02128

Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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Waterfront, Boston, MA Local Guide

Cheapest Available Waterfront Apartments for Rent

 

The cheapest available apartment rental in the Waterfront area of Boston, MA is a 1 Bed unit found at Boylston St, 40 priced from $1,517. The Charlestown - Senior Residences 62+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,700. Here are the most affordable Waterfront apartments for rent in Boston, MA:

Apartment ListingModel NameBed/BathPriced From
Boylston St, 401 Bed 1 Bath1BR,1BA$1,517
The Charlestown - Senior Residences 62+1 Bed, 1 bath1BR,1BA$1,700
35 @ EightSixtyStudio - Income-BasedStudio,1BA$1,713
7INKCambria4BR,2BA$1,888

Best Value Apartments for Rent in Waterfront, MA

As of May 10, 2025 the best value apartment in the Waterfront area is the $0.21 price per square foot 307 Beacon St Model at 307 Beacon St, Unit 8 in the in the Kendall Square neighborhood starting from $2,050. The second greatest value Waterfront apartment is the 58 S Russell St Model at 58 S Russell St, Unit 2 starting at $2,000 with a $0.20 price per square foot in the Financial District neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
307 Beacon St, Unit 8307 Beacon StStudio ,1BA$0.21
58 S Russell St, Unit 258 S Russell StStudio ,1BA$0.20
679 Massachusetts Ave, Unit #B679 Massachusetts AveStudio ,1BA$0.20
73 Westland Ave73 Westland AveStudio ,1BA$0.20
43 Garden St, Unit 3243 Garden StStudio ,1BA$0.20
58 Anderson St, Unit 858 Anderson StStudio ,1BA$0.20
60 Huntington Ave, Unit 53-10360 Huntington AveStudio ,1BA$0.18
60 Huntington Ave, Unit 53-10360 Huntington AveStudio ,1BA$0.18
58 Anderson St, Unit 258 Anderson StStudio ,1BA$0.20
97 Hudson St, Unit 297 Hudson St1BR,1BA$0.22

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Waterfront, Boston, MA

Ranked #99

Among neighborhoods in Boston, MA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Waterfront, Boston, MA

School data provided by Great Schools

Getting Around the Waterfront Neighborhood in Boston, MA

Walk Score®

97 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

82 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

100 / 100

Rider’s Paradise

World-class public transportation

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Waterfront Apartments

What is a cheap apartment in Waterfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront is under $1,888.

What is the price of a cheap apartment in Waterfront?

The cheapest apartment in Waterfront is Boylston St, 40 which is listed at $1,517, while the average apartment in Waterfront costs $7,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.